Expect Equity LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Expect Equity LLC reported 49 stock positions worth $102.4 million. Its top holding was MKS (MKSI) at 3.8% of the portfolio, followed by Ceco Environmental (CECO, 3.7%) and Columbia Banking System (COLB, 3.6%). Compared with Q2 2025, it opened 3 new positions, sold out of 1, added to 18 and reduced 12. The biggest buy was a new position in Ati (ATI) and the biggest sale Hasbro (HAS, shares −34%).
- Most Recent 13F
- Q2 2026
- Location
- Pikesville, MD
- CIK
- 0002007407
- Portfolio Value
- $102.4M (Q3 2025)
- SEC Filing
- 0000919574-25-006995 ↗ filed Nov 14, 2025
Holdings Value
Holdings 49 stocks · $102.4M
| MKSI MKS Inc. | 3.81% | 31,490 | $3.9M | No change |
| CECO Ceco Environmental Corp. | 3.71% | 74,244 | $3.8M | Reduce -31.3% |
| COLB Columbia Banking System Inc. | 3.60% | 143,065 | $3.7M | Add +12.6% |
| CUZ Cousins Properties Inc. | 3.49% | 123,351 | $3.6M | Add +10.8% |
| FHN First Horizon Corp. | 3.47% | 156,926 | $3.5M | Add +9.3% |
| LYTS Lsi Industries Inc. | 3.31% | 143,604 | $3.4M | Reduce -4.2% |
| BELFB Bel Fuse Inc. Class B | 3.23% | 23,487 | $3.3M | Reduce -27.1% |
| FLS Flowserve Corp. | 3.18% | 61,259 | $3.3M | Add +8.0% |
| OSK Oshkosh Corp. | 3.17% | 25,055 | $3.2M | Reduce -8.4% |
| WNS WNS Holdings Ltd. filed as WNS HLDGS LTD | 3.00% | 40,323 | $3.1M | No change |
| CACI Caci International Inc. Class A | 2.90% | 5,948 | $3.0M | Add +30.2% |
| VSEC Vse Corp. | 2.83% | 17,423 | $2.9M | Reduce -16.7% |
| MOD Modine Manufacturing Co. | 2.75% | 19,775 | $2.8M | Reduce -19.2% |
| MAMA Mama's Creations Inc. | 2.73% | 265,590 | $2.8M | Reduce -8.0% |
| CNM Core & Main Inc. Class A | 2.46% | 46,850 | $2.5M | Add +3.2% |
| LW Lamb Weston Holdings Inc. | 2.44% | 42,940 | $2.5M | No change |
| TTMI TTM Technologies | 2.34% | 41,540 | $2.4M | Reduce -42.9% |
| LAKE Lakeland Industries Inc. | 2.25% | 155,356 | $2.3M | Add +18.4% |
| KMPR Kemper Corp. | 2.22% | 44,100 | $2.3M | Add +23.8% |
| HAS Hasbro Inc. | 2.19% | 29,600 | $2.2M | Reduce -34.4% |
| ROCK Gibraltar Industries Inc. | 2.18% | 35,578 | $2.2M | Add +10.3% |
| CON Concentra Group Holdings Par | 2.17% | 105,920 | $2.2M | Add +41.0% |
| VYX NCR Voyix Corp. | 2.03% | 165,509 | $2.1M | No change |
| THG Hanover Insurance Group Inc./ | 1.98% | 11,148 | $2.0M | No change |
| CMC Commercial Metals Co. | 1.95% | 34,880 | $2.0M | Reduce -29.6% |
| OPCH Option Care Health Inc. | 1.92% | 70,861 | $2.0M | Add +8.8% |
| NOMD Nomad Foods Ltd. | 1.82% | 141,590 | $1.9M | No change |
| COO The Cooper Cos Inc. | 1.80% | 26,830 | $1.8M | Add +71.3% |
| CIVI Civitas Resources Inc. | 1.75% | 55,080 | $1.8M | Add +31.8% |
| BRKR Bruker Corp. | 1.66% | 52,440 | $1.7M | No change |
| NOG Northern Oil and Gas Inc. | 1.47% | 60,830 | $1.5M | No change |
| HAE Haemonetics Corp. | 1.47% | 30,924 | $1.5M | Add +45.7% |
| LNTH Lantheus Holdings Inc. | 1.36% | 27,224 | $1.4M | No change |
| LMB Limbach Holdings Inc. | 1.36% | 14,342 | $1.4M | No change |
| CHEF The Chefs' Warehouse Inc. | 1.36% | 23,818 | $1.4M | Reduce -5.5% |
| BV Brightview Holdings Inc. | 1.32% | 100,482 | $1.3M | Add +3.4% |
| RDNT Radnet Inc. | 1.31% | 17,632 | $1.3M | Add +15.8% |
| HI Hillenbrand Inc. | 1.29% | 48,815 | $1.3M | No change |
| IART Integra Lifesciences Holding | 1.29% | 92,105 | $1.3M | No change |
| ACNT Ascent Industries Co. | 1.26% | 100,449 | $1.3M | Add +397.3% |
| ATI Ati Inc. | 1.22% | 15,350 | $1.2M | New |
| CTLP Cantaloupe Inc. | 1.22% | 117,739 | $1.2M | No change |
| EPAC Enerpac Tool Group Corp. | 1.18% | 29,398 | $1.2M | No change |
| GVA Granite Construction Inc. | 1.14% | 10,644 | $1.2M | No change |
| SYNA Synaptics Inc. | 1.00% | 15,052 | $1.0M | Add +30.5% |
| TIC Tic Solutions Inc. filed as ACUREN CORP | 0.86% | 66,218 | $881K | New |
| VMD Viemed Healthcare Inc. | 0.72% | 109,009 | $740K | Reduce -20.8% |
| ARIS WATER SOLUTIONS INC-A | 0.44% | 18,283 | $451K | No change |
| SARO Standardaero Inc. | 0.41% | 15,200 | $415K | New |
Portfolio Sells Q2 2025 → Q3 2025
| HAS Hasbro Inc. | Reduce -34.4% | 2.19% | −1.36 |
| TTMI TTM Technologies | Reduce -42.9% | 2.34% | −0.84 |
| CMC Commercial Metals Co. | Reduce -29.6% | 1.95% | −0.64 |
| MEC Mayville Engineering Co. Inc. | Sold out | 0.00% | −0.48 |
| CHEF The Chefs' Warehouse Inc. | Reduce -5.5% | 1.36% | −0.36 |
| VMD Viemed Healthcare Inc. | Reduce -20.8% | 0.72% | −0.29 |
| OSK Oshkosh Corp. | Reduce -8.4% | 3.17% | −0.14 |
| BELFB Bel Fuse Inc. Class B | Reduce -27.1% | 3.23% | −0.12 |
| VSEC Vse Corp. | Reduce -16.7% | 2.83% | −0.10 |
| MAMA Mama's Creations Inc. | Reduce -8.0% | 2.73% | +0.17 |
| MOD Modine Manufacturing Co. | Reduce -19.2% | 2.75% | +0.17 |
| CECO Ceco Environmental Corp. | Reduce -31.3% | 3.71% | +0.45 |
| LYTS Lsi Industries Inc. | Reduce -4.2% | 3.31% | +0.59 |
Portfolio Buys Q2 2025 → Q3 2025
| ATI Ati Inc. | New | 1.22% | +1.22 |
| ACNT Ascent Industries Co. | Add +397.3% | 1.26% | +0.99 |
| TIC Tic Solutions Inc. | New | 0.86% | +0.86 |
| COO The Cooper Cos Inc. | Add +71.3% | 1.80% | +0.61 |
| CACI Caci International Inc. Class A | Add +30.2% | 2.90% | +0.57 |
| CIVI Civitas Resources Inc. | Add +31.8% | 1.75% | +0.52 |
| CON Concentra Group Holdings Par | Add +41.0% | 2.17% | +0.52 |
| COLB Columbia Banking System Inc. | Add +12.6% | 3.60% | +0.42 |
| SARO Standardaero Inc. | New | 0.41% | +0.41 |
| RDNT Radnet Inc. | Add +15.8% | 1.31% | +0.39 |
| LAKE Lakeland Industries Inc. | Add +18.4% | 2.25% | +0.34 |
| FHN First Horizon Corp. | Add +9.3% | 3.47% | +0.22 |
| SYNA Synaptics Inc. | Add +30.5% | 1.00% | +0.21 |
| ROCK Gibraltar Industries Inc. | Add +10.3% | 2.18% | +0.15 |
| FLS Flowserve Corp. | Add +8.0% | 3.18% | +0.01 |
| CUZ Cousins Properties Inc. | Add +10.8% | 3.49% | −0.08 |
| HAE Haemonetics Corp. | Add +45.7% | 1.47% | −0.22 |
| KMPR Kemper Corp. | Add +23.8% | 2.22% | −0.23 |
| OPCH Option Care Health Inc. | Add +8.8% | 1.92% | −0.34 |
| BV Brightview Holdings Inc. | Add +3.4% | 1.32% | −0.41 |
| CNM Core & Main Inc. Class A | Add +3.2% | 2.46% | −0.46 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 65 | $155.4M | MKSI, COLB, ATI, CUZ, BRKR |
| Q1 2026Amended | 62 | $128.6M | MKSI, COLB, FHN, ATI, CACI |
| Q4 2025Amended | 58 | $121.4M | FHN, COLB, MKSI, FLS, ATI |
| Q3 2025 | 49 | $102.4M | MKSI, CECO, COLB, CUZ, FHN |
| Q2 2025 | 47 | $93.7M | CUZ, HAS, BELFB, MKSI, OSK |
| Q1 2025 | 47 | $88.9M | CUZ, COLB, VSEC, FHN, HAS |
| Q4 2024 | 45 | $95.5M | CUZ, COLB, FLS, MKSI, FHN |